Stock market information for #bitcoin (BTC)

Bitcoin is a crypto in the CRYPTO market.

The price is 111086.0 USD currently with a change of 4448.00 USD (0.04%) from the previous close.

The intraday high is 111547.0 USD and the intraday low is 106459.0 USD.

📈 $BTC Bitcoin Breaks $111K Barrier

Bitcoin (BTC) has surged to a new all-time high, reaching $111,878 before slightly retreating below $110,000. This rally is attributed to several factors:(Investopedia)

Institutional Adoption: Major firms like BlackRock and Fidelity have launched BTC-based ETFs in Europe. (Medium)

Regulatory Developments: The U.S. Federal Reserve signaled a pause on interest rate hikes, boosting investor confidence. (Medium)

Corporate Engagement: Tech giants such as Apple and Google announced blockchain-based features in upcoming OS updates. (Medium)

These developments have led to increased inflows into Bitcoin spot and futures markets.(Medium)

🏦 Market Impact

The Bitcoin rally has positively influenced crypto-related stocks:(Investopedia)

MARA Holdings: Shares rose by 4.4%.(Investopedia)

Riot Platforms: Experienced a 3.3% increase.(Investopedia)

Coinbase Global: Saw a 2% gain.(Investopedia)

MicroStrategy: Reported a 1.6% increase in share value, with its Bitcoin holdings now valued at over $63 billion. (Investopedia)

📰 Other Notable Crypto News

Texas Bitcoin Reserve Bill: Texas is voting on a bill to establish a Bitcoin reserve, potentially making it the third U.S. state to do so. (X (formerly Twitter))

XRP Developments: Volatility Shares launched the XRP Futures ETF (XRPI) on CME, and XpFinance's presale has filled over 20% of its soft cap, indicating strong market confidence. (99Bitcoins)

Genius Group's Bitcoin Investment: Following a favorable court ruling, Genius Group increased its Bitcoin treasury by 40%, purchasing an additional 24.5 BTC. (GlobeNewswire)

Donald Trump's Crypto Engagement: Former President Donald Trump is hosting a private dinner for top investors in his personal cryptocurrency, the $TRUMP memecoin. (The Times of India)

Investopedia